Exodus Movement reports more Bitcoin holdings, eyes NYSE uplisting

Exodus Movement announced updated figures for its digital asset holdings and swap volume as Bitcoin surpassed the $100,000 milestone. According to a note sent to crypto. news, the company disclosed preliminary financial data for the fourth quarter of 2024, reflecting strong performance in its exchange services. Exodus reported holding over 1,900 Bitcoin ( BTC ) and 2,660 Ethereum ( ETH ) as of December 11. This marks an increase of 100 Bitcoin in its treasury since the end of Q3 2024. CFO James Gernetzke attributed this growth to revenues generated from the platform’s exchange aggregator, which processed record volumes during the quarter. Exodus Movement Inc., an over-the-counter listed self-custodial cryptocurrency wallet provider, has set a goal of being listed on the New York Stock Exchange. You might also like: Former Grayscale CEO Michael Sonnenshein joins Securitize Higher exchange volumes Between October 1 and November 30, Exodus’s exchange aggregator handled $1.26 billion in trading volume, a substantial increase compared to the $960 million processed during the entire third quarter of 2024. The company also highlighted progress in its regulatory journey. The Securities and Exchange Commission has completed its review of Exodus’s Form 10-12 registration statement. This milestone brings Exodus closer to its goal of listing on the NYSE American Stock Exchange. Exodus has derived much of its revenue from Bitcoin and USDC ( USDC ). The firm’s self-custodial platform caters to users seeking secure, non-custodial solutions for managing digital assets. The announcement follows a period of heightened activity in the digital asset market, spurred by Bitcoin reaching a historic price point. The financial figures disclosed are preliminary and unaudited, with final results expected after the company completes its fiscal year-end reporting process. You might also like: Investors bet big on this new crypto repeating Dogecoin’s path